secwatch.observer — SEC 8-K summary
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Issuer:     JBG SMITH Properties (JBGS)
CIK:        0001689796
Form:       8-K
Filed at:   2022-01-05T23:59:59+00:00
Accession:  0001104659-22-001457
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JBG SMITH grants $6.6M in performance-based AO LTIP units to execs; CEO receives 675,675 units
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- Compensation Committee approved grants on Dec 30, 2021; grants made on Jan 3, 2022.
- Aggregate fair value of AO LTIP Units: $6,620,773; awards are 50% of annual equity grant.
- CEO W. Matthew Kelly awarded 675,675 AO LTIP Units; other NEOs: Paul 140,765, Reynolds 168,918, Banerjee 123,873.
- Vesting 50% on 3rd anniversary, 50% on 4th; participation threshold $32.30.
- Awards subject to relative TSR modifier vs NAREIT FTSE Equity Office Index (ex-Alexandria).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1689796/000110465922001457/0001104659-22-001457-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1689796/000110465922001457/tm2136480d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-001457

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer